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UBS Asset Management's Real Estate & Private Markets (REPM) business has completed the acquisition of Quartermile 2, a prime office building located in the new Quartermile development in Edinburgh, Scotland for circa €31.2 million (£28.5 million), representing a yield of 5.4%. The asset was acquired on behalf of a separate ac...
Union Investment has sold an office portfolio comprising five individual properties close to Brussels International Airport, which were held in its open-ended real estate fund Unilmmo: Europa. The five properties are located on Da Vincilaan in the Corporate Village business park and offer total rental space of approximately 6...
Available office space in Birmingham city centre has shrunk to a ten-year low, according to new research from CBRE. Current availability is 1.76m sq ft, which is 19 per cent lower than the five-year average. The city's only two committed development schemes – Three Snowhill and the first phase of Paradise Circus (One and Two...
Birmingham Business Park dominated lettings in the M42 and Solihull office market in the second quarter of 2017, with the three largest lettings, totalling nearly 35,000 sq ft, responsible for more than half the total space disposed of (62,508 sq ft), according to KWB. The letting of 20,774 sq ft to BCA Logistics at 1320 Soli...
Warsaw office of Echo Investment and EPP have been moved to the Q22 office building located at the junction of Jana Pawła Avenue and Grzybowska Street. Echo will occupy part of the 35th floor in the 155-metre skyscraper, it will share it with EPP. The Q22 office building, which was developed by Echo Investment and put into op...
Peab has been commissioned to build an office building in Västra Hamnen in Malmö. The customer and general contractor is Midroc Projects AB and the contract is worth €11.4 million (SEK 109 million). The office building will be seven stories high built on Propellergatan near Kockum Fritid in Västra Hamnen in Malmö. This is a t...
JLL follows up on the report by the Prague Research Forum (PRF) on the current situation on the Prague office market. "During the first half of the year, the Prague office market saw the completion of three new administrative projects – Dock in Two, Five and Rustonka R1. The total space delivered to the market amounted to 31,...
LGIM Real Assets (Legal & General) has secured a major pre-let with The UK Government following its acquisition of India Buildings in Liverpool from Shelborn Asset Management. The letting will see HMRC become a large employer in the city, helping to facilitate significant economic growth in the northwest city.
Construction group Strabag has been hired to build a five-building business centre in the Polish city of Krakow. Currently an unfinished high-rise building stands at the prominent location in the centre of the city. Another unique feature of the Unity Tower will be Krakow's highest viewing platform, the so-called Unity Eye. T...
Romania is on the rise. After spectacular 2016 economic results and a record-breaking FDI level of €4.1bn, the country's prospects for 2017 look very promising. Bucharest, a specialized IT hub in the CEE region, has recently welcomed several new global brands such as Fitbit and the Coface Group. This influx has boosted the ci...
La Française Real Estate Partners International has acquired, on behalf of two La Française collective real estate investment vehicles, a six story office building from Deutsche Asset Management.
Pbb Deutsche Pfandbrief-bank provided an investment facility of €66 million to the open-ended fund ČS nemovitostni fond. It is managed by Reico investiční společnost České spořitelny, a.s. ČS nemovitostni fond will use the proceeds for the acquisition of the newly built Proximo I office building in Warsaw from developer and v...
Spaces will be opening a hub in Reading. The company has taken 3576 sq m of space in 9 Greyfriars, a new, energy efficient office building at the heart of Reading town centre. Spaces provides creative working environments which are designed to integrate lifestyle into work. The new Reading site is designed to meet the varied ...
Adderstone Group has completed the purchase of the Rivergreen Centre. The centre, located at Aykley Heads in Durham, comprises over 40,000 sq. ft. of office space and is home to Atom Bank who recently signed up to a 10-year lease over the entire site.
Rightacres Property and Legal & General (L&G) have completed an office leasing deal in Wales. The UK Government will open a new Government hub at Central Square, which is set to create over 10,000 local jobs and facilitate significant economic growth. The UK Government has taken a 25 year lease on 265,976 sq ft of office spa...
Cromwell Property Group has sold a portfolio of seven regional office buildings totalling more than 24,130 sqm for €16.4 million from the Cromwell Netherlands Diversified Partnership. JLL and van Doorne advised Cromwell Property Group on the sale.
The international pharmaceutical company H. Lundbeck A/S has divested part of the headquarters in Valby no longer needed for their operations. The investors are the two Danish pension funds, Danske civil- og akademiingeniørers Pensionskasse (DIP) and Juristernes og Økonomernes Pensionskasse (JØP). Catella Corporate Finance ac...
Hargreaves Lansdown is opening a new technology centre in Warsaw. The firm will occupy approximately 3,200 sqm in Warsaw Spire. Hargreaves Lansdown is occupying temporary space of 700 sqm at the moment, and will move to its new premises located on two floors towards the end of 2017. The main reception will be located on 34th ...
